Public Company News

Gold Mountain has recorded promising lithium results from a batch of stream sediment samples at its Salinas II project in Brazil’s emerging Lithium Valley. All but one of the 55 samples returned significant lithium anomalism, with the concentrations being found at the company’s Bananal Valley tenements along strike from Latin Resources’ 70 million-tonne Colina deposit.

Horizon Minerals has established a hefty gold-silver resource after completing a merger with Greenstone Resources, covering the new entity’s entire holdings in Western Australia’s Goldfields region. The company says it now boasts a resource inventory of 1.8 million ounces of gold and 20 million ounces of silver and is now poised to generate accelerated cash flow from multiple gold deposits near Kalgoorlie.

Aurumin has called in the experts to help it assess newly-found iron ore potential at its flagship Sandstone project in Western Australia’s Mid West region, in what could become a significant add-on to its gold prospects. The company has engaged Southern Geoscience to undertake modelling of the existing geophysical datasets from its past gold exploration activities in a bid to generate iron ore targets.

Kalgoorlie Gold Mining has tabled a maiden resource of 76,400 ounces at 1 gram per tonne gold from its Kirgella Gift and Providence deposits at its new flagship Pinjin project, 140km north-east of Kalgoorlie in Western Australia. Management wrapped up its initial resource at Pinjin in little more than 12 months after securing the ground along the prospective Laverton Tectonic Zone in May last year.

White Cliff Minerals has unveiled extensive evidence of chalcocite-dominant, copper-rich vein systems along big strike distances after maiden field work at its Rae project in the Canadian province of Nunavut. The company has reported significant – sometimes spectacular – hard surface evidence of the red metal at its PAT, HALO, Cu-TAR, DON CALMAL and Kilauea targets, with abundant native copper observed at surface in the latter.

Buxton Resources has unveiled a game-changing find at its Graphite Bull play in Western Australia’s Gascoyne region, with new results revealing 84.6m of visible graphitic mineralisation. The hit from the company’s latest diamond drillhole includes an ultra-wide 50.35m intersection of high-grade material and once assays are confirmed for the latest results, the extent of mineralisation at depth could be doubled.

Octava Minerals is on the cusp of kicking off a soil sampling program in a bid to expand the Razorback gold prospect at its 202sq-km Talga lithium-gold project, 30km east of Marble Bar in WA’s Pilbara region. Despite Razorback showing significant gold intersections in previous drilling, including 5m at 2.23g/t from 24m, only 700m of its interpreted 4km strike has been drilled.

American West Metals has extended the high-grade Thunder copper zone at its Storm project in Canada’s Nunavut province to more than 300m after completing 66 reverse-circulation and diamond drillholes. The company has also received encouraging visible indications of mineralisation in its first 22 drillholes, with nine step-out holes exhibiting thick copper mineralisation to confirm the 300m strike extent of the target.

88 Energy’s bid to validate new oil targets in the recently-revived Owambo Basin in Namibia has taken a significant step with the completion of a major 203km 2D seismic acquisition program – on time and on budget. The company is now expecting to outline the prospective resource size and quality of the fold structures through data processing before the end of the year.

Gold Mountain has etched out a second intriguing rare earths patch at its Down Under project in Brazil, with a further 85 assays returned from a scout stream sediment survey showing values up to 4582ppm TREO. The company recently collected 800 samples in a first-pass reconnaissance program at its freshly-minted tenure – a stone’s throw from Brazilian Rare Earths’ Rocha da Rocha critical minerals province.

Toro Energy is closing in on the finalised design of a pilot plant that will allow it to test ores from three uranium-vanadium deposits at its project south-west of the WA town of Wiluna later this year. The plant will test improved beneficiation and hydrometallurgical circuits Toro has developed at near-production scale with an eye to incorporating the design flow sheet upgrade into future feasibility studies.

Quantum Graphite says its airborne geophysics have defined a new high-grade graphite zone about 2.5km long in the north-west area of its Uley 2 exploration licence on SA’s Eyre Peninsula. It comes after the company confirmed in April the completion of its helicopter-borne versatile time domain electromagnetic (VTEM) and magnetics survey that was part of its planning for Uley 2 and Uley 3 project extensions.